Iceland (ISL) and Peru (PER) Trade | The Observatory of Economic Complexity

About

Iceland-Peru Trade: In 2022, Iceland exported $396k to Peru. The main products that Iceland exported to Peru were Scales ($140k), Washing and Bottling Machines ($122k), and Orthopedic Appliances ($95.1k). Over the past 5 years the exports of Iceland to Peru have decreased at an annualized rate of 14.1%, from $845k in 2017 to $396k in 2022.

In 2022, Iceland did not export any services to Peru.

Peru-Iceland Trade: In 2022, Peru exported $8.45M to Iceland. The main products that Peru exported to Iceland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.83M), Other Fruits ($1.74M), and Tropical Fruits ($1.36M). Over the past 5 years the exports of Peru to Iceland have decreased at an annualized rate of 8.7%, from $13.3M in 2017 to $8.45M in 2022.

In 2022, Peru did not export any services to Iceland.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $396k to Peru. The main products exported from Iceland to Peru were Scales ($140k), Washing and Bottling Machines ($122k), and Orthopedic Appliances ($95.1k). During the last 5 years the exports of Iceland to Peru have decreased at an annualized rate of 14.1%, from $845k in 2017 to $396k in 2022.

In 2017, Peru exported $8.45M to Iceland. The main products exported from Peru to Iceland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.83M), Other Fruits ($1.74M), and Tropical Fruits ($1.36M). During the last 5 years the exports of Peru to Iceland have decreased at an annualized rate of 8.7%, from $13.3M in 2022 to $8.45M in 2017.

Exports from Iceland () to Peru () (2022)

Exports from Peru () to Iceland () (2022)

Latest Data

Trade between Iceland () and Peru ()

Iceland Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Peru
Top DestinationChina$17.6B

This map shows whether countries import more from Iceland or Peru. Each country is colored based on the difference in imports they receive from Iceland and Peru or the difference in the growth in imports.

In 2022, countries that imported more from Iceland than Peru included Norway ($459M), Netherlands ($1.97B), and Poland ($367M).

In 2022, countries that imported more from Peru than Iceland included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

Difference in imports from Peru () and Iceland () (2022)

Comparative Advantage Iceland - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Iceland and Peru by product, considering products traded by both, Iceland and Peru.

During 2022, Iceland had a large net trade with Peru in the exports of Machines ($278k), Instruments ($102k), and Plastics and Rubbers ($7.76k).

During 2017, Peru had a large net trade with Iceland in the exports of Vegetable Products ($4.32M), Textiles ($2.36M), and Animal and Vegetable Bi-Products ($1.24M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iceland and Peru. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Peru () (2022)

Exports from Peru () to Iceland () (2022)

Latest Data

Trade between Iceland () and Peru ()

Iceland Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Iceland () (2022)

Comparative Advantage Iceland - Peru

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Peru () (2022)

Keep Exploring